Shares of Teladoc Health, Inc. (NYSE:TDOC - Get Free Report) fell 5.4% during mid-day trading on Tuesday . The stock traded as low as $10.05 and last traded at $10.10. 1,691,144 shares traded hands during trading, a decline of 69% from the average session volume of 5,515,436 shares. The stock had previously closed at $10.68.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on TDOC. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $10.00 price objective on shares of Teladoc Health in a research report on Tuesday, August 20th. The Goldman Sachs Group initiated coverage on shares of Teladoc Health in a research note on Friday, November 15th. They issued a "buy" rating and a $14.00 price target on the stock. Royal Bank of Canada increased their price objective on shares of Teladoc Health from $9.00 to $10.00 and gave the company an "outperform" rating in a research report on Wednesday, October 9th. Jefferies Financial Group increased their price target on shares of Teladoc Health from $8.00 to $10.00 and gave the company a "hold" rating in a report on Tuesday, September 17th. Finally, Evercore ISI upped their price objective on Teladoc Health from $8.00 to $9.00 and gave the company an "in-line" rating in a research report on Tuesday, October 8th. Fourteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $12.24.
View Our Latest Research Report on TDOC
Teladoc Health Stock Performance
The firm has a fifty day moving average price of $9.86 and a two-hundred day moving average price of $9.14. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.73 and a quick ratio of 1.69. The stock has a market capitalization of $1.73 billion, a PE ratio of -1.75 and a beta of 0.97.
Teladoc Health (NYSE:TDOC - Get Free Report) last released its earnings results on Wednesday, October 30th. The health services provider reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.10. The business had revenue of $640.51 million during the quarter, compared to the consensus estimate of $630.50 million. Teladoc Health had a negative return on equity of 10.06% and a negative net margin of 37.91%. Research analysts expect that Teladoc Health, Inc. will post -1.16 EPS for the current year.
Insider Transactions at Teladoc Health
In other Teladoc Health news, insider Carlos Nueno sold 2,389 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $11.93, for a total transaction of $28,500.77. Following the transaction, the insider now directly owns 2,890 shares in the company, valued at $34,477.70. This represents a 45.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.95% of the company's stock.
Institutional Investors Weigh In On Teladoc Health
Several hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Teladoc Health by 2.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,588 shares of the health services provider's stock worth $641,000 after purchasing an additional 1,352 shares in the last quarter. Signaturefd LLC lifted its position in Teladoc Health by 148.7% during the second quarter. Signaturefd LLC now owns 2,868 shares of the health services provider's stock valued at $28,000 after acquiring an additional 1,715 shares during the last quarter. Blue Trust Inc. boosted its stake in Teladoc Health by 84.5% in the third quarter. Blue Trust Inc. now owns 4,048 shares of the health services provider's stock valued at $40,000 after acquiring an additional 1,854 shares in the last quarter. Arizona State Retirement System boosted its stake in Teladoc Health by 4.2% in the second quarter. Arizona State Retirement System now owns 47,400 shares of the health services provider's stock valued at $464,000 after acquiring an additional 1,901 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Teladoc Health by 3.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 64,132 shares of the health services provider's stock worth $627,000 after purchasing an additional 2,153 shares during the last quarter. Hedge funds and other institutional investors own 76.82% of the company's stock.
Teladoc Health Company Profile
(
Get Free Report)
Teladoc Health, Inc provides virtual healthcare services worldwide. The company operates through Teladoc Health Integrated Care and BetterHelp segments. The Integrated Care segment offers virtual medical services, including general medical, expert medical, specialty medical, chronic condition management, and mental health, as well as enabling technologies and enterprise telehealth solutions for hospitals and health systems.
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